Bill > HF2729

This bill provides a $10 million appropriation from the state's general fund to the Minnesota Department of Revenue for an expanded corporate tax compliance initiative in fiscal year 2026, with funds available until July 1, 2029. The initiative aims to enhance tax enforcement and collection activities specifically targeting corporations that may not be accurately reporting their taxable income or calculating credits. The program will focus on corporations with $25 million or more in Minnesota sales or gross receipts, with the goal of identifying and collecting unpaid tax liabilities. The bill explicitly states that this funding must supplement, not replace, existing resources for tax compliance activities. By dedicating these funds to a targeted corporate tax compliance effort, the bill seeks to improve tax revenue collection and ensure that larger corporations are meeting their full tax obligations to the state.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2729&ssn=0&y=2025